SG Americas Securities LLC Has $184,000 Stock Position in The Shyft Group, Inc. (NASDAQ:SHYF)

SG Americas Securities LLC cut its stake in shares of The Shyft Group, Inc. (NASDAQ:SHYF) by 18.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,699 shares of the company’s stock after selling 3,249 shares during the period. SG Americas Securities LLC’s holdings in The Shyft Group were worth $184,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. nVerses Capital LLC bought a new stake in The Shyft Group during the 2nd quarter worth $26,000. Motco bought a new stake in shares of The Shyft Group during the first quarter worth about $39,000. CWM LLC increased its stake in shares of The Shyft Group by 260.9% in the second quarter. CWM LLC now owns 4,731 shares of the company’s stock valued at $56,000 after buying an additional 3,420 shares during the period. Point72 Asset Management L.P. bought a new position in The Shyft Group in the 2nd quarter valued at approximately $59,000. Finally, Point72 DIFC Ltd acquired a new stake in The Shyft Group during the 2nd quarter worth approximately $60,000. 85.84% of the stock is currently owned by institutional investors.

The Shyft Group Trading Down 1.8 %

Shares of SHYF stock opened at $11.74 on Thursday. The Shyft Group, Inc. has a 1-year low of $9.81 and a 1-year high of $17.56. The company has a current ratio of 1.86, a quick ratio of 1.19 and a debt-to-equity ratio of 0.26. The stock has a market cap of $403.55 million, a price-to-earnings ratio of -1,174.00 and a beta of 1.65. The stock has a 50-day moving average of $12.74 and a 200-day moving average of $12.43.

The Shyft Group (NASDAQ:SHYF) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.09. The Shyft Group had a negative net margin of 0.30% and a positive return on equity of 1.22%. The firm had revenue of $192.80 million during the quarter, compared to analyst estimates of $201.49 million. During the same quarter last year, the business earned $0.22 EPS. The company’s revenue was down 14.3% compared to the same quarter last year. On average, equities research analysts forecast that The Shyft Group, Inc. will post 0.29 earnings per share for the current year.

The Shyft Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 18th. Stockholders of record on Friday, August 16th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, August 16th. The Shyft Group’s dividend payout ratio (DPR) is presently -2,000.00%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised shares of The Shyft Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $12.00 to $18.00 in a research note on Monday, July 29th.

The Shyft Group Company Profile

The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment offers commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.